DataUS

Palantir Layoffs

February 2023

Palantir announced a layoff affecting 75 employees (2% of its workforce) in February 2023. The company operates in the Data sector.

People Affected

Percentage

Announced Date

Feb 27, 2023

About

Palantir, the data analytics software company known for its government and defense work, is laying off approximately 75 employees, representing about 2% of its workforce of 3,838. The company confirmed the cuts on Monday, stating it was a tough but necessary choice to reduce teams in several areas as it reaches an inflection point and aims to continue evolving. This move follows Palantir's recent report of its first profitable quarter and an 18% revenue increase, yet it aligns with a broader wave of layoffs across the tech industry as companies adjust after a period of rapid growth. Despite the reductions, Palantir plans to continue hiring in strategically important areas.